Dairy Ingredients Market Size 2023, Share ad Industry Forecast 2028 | Top Companies-Agropur Dairy Cooperative (Farmers Co-operative Dairy Limited), Arla Foods Ingredients Group P/S, Aurivo Co-operative Society Limited

How Big is the Dairy Ingredients Market?

The global dairy ingredients market size reached US$ 69.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 99.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

What is Dairy Ingredients?

Dairy ingredients encompass a diverse group of substances that are extracted from milk or produced by modifying milk components. They comprise milk solids, proteins, fats, and various by-products, such as whey and lactose. They contribute to the flavor, texture, consistency, and nutritional aspects of a wide range of food products. They serve as key components in the formulation of food and beverage products, imparting unique attributes and nutritional value. They provide essential nutrients like protein, calcium, and vitamins, making food more nutritious. They can also act as emulsifiers, aiding in the stable blending of oil and water in salad dressings and sauces.

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What are the growth prospects and trends in the dairy ingredients industry?

At present, the increasing demand for dairy ingredients, as they are widely used as binding agents in processed meats, ensuring uniform texture, represents one of the crucial factors impelling the growth of the market. Besides this, the rising consumer awareness about the nutritional benefits associated with dairy ingredients is contributing to the growth of the market.

In addition, the growing utilization of whey to manufacture various protein shakes due to their high-quality protein content and functional properties is offering a favorable market outlook.

Apart from this, the increasing adoption of sustainable farming and processing practices by dairy ingredient producers to minimize greenhouse gas emissions, improve animal welfare standards, and reduce water usage is supporting the growth of the market.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:
• Milk Powders
o Skimmed Milk Powders
o Whole Milk Powders
• Milk Protein Concentrates and Milk Protein Isolates
• Whey Ingredients
o Whey Protein Concentrate (WPC)
o Whey Protein Isolate (WPI)
o Hydrolyzed Whey Protein (HWP)
• Lactose and Derivatives
• Casein and Caseinates
• Others

Breakup by Source:
• Milk
• Whey

Breakup by Form:
• Dry
• Liquid

Breakup by Application:
• Bakery and Confectionery
• Dairy Products
• Infant Milk Formula
• Sports and Clinical Nutrition
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Some of the Top Key players in the Dairy Ingredients Market

• Agropur Dairy Cooperative (Farmers Co-operative Dairy Limited)
• Arla Foods Ingredients Group P/S
• Aurivo Co-operative Society Limited
• Dairy Farmers of America Inc.
• Euroserum (Groupe Sodiaal)
• Fonterra Co-operative Group Limited
• Glanbia PLC
• Hoogwegt Group B.V.
• Lactalis Group
• Megmilk Snow Brand Co. Ltd.
• Royal FrieslandCampina N.V.
• Saputo Inc.
• Schreiber Foods Inc.
• Volac International Limited

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